Bitcoin sell into a rally.Bitcoin - Intraday - We look to Sell at 30598 (stop at 31201)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
Preferred trade is to sell into rallies.
30628 has been pivotal.
30725 has been pivotal.
Our outlook is bearish.
Our profit targets will be 29116 and 28516
Resistance: 30000 / 31000 / 31400
Support: 29300 / 29000 / 28500
Bitcoinusdshort
The Bitcoin Frequency Wave & Climatic Regression ChannelsThe Bitcoin Frequency Wave & Climatic Regression Channels (Provided in Two Views that are Reduced to the Bare Minimum so it is More Easily Understandable)
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The Bitcoin Frequency Wave & Climatic Regression Channels
(Easily Readable)
(Mostly Transparent)
The Bitcoin Frequency Wave
Much like a Heartbeat w/ Predictable Highs and Lows
Wavelength Bell-Curve Tilt Approx. 22.5 Degrees
The Prime Supported Locations for Dragon Formation are Circled in Lavender & the Actual Formation of Each Dragon is Determined By the Cycle Band Peak Influence, the Bitcoin Wave Length, which is Automatically Determined by the Exact Pitch of the Bitcoin Plain, just as the Primary Trend-Line & Baselines are...
Climatic Center Point
30 Day Cycle, Center Point to Center Point (There are two Version; 28 & 30 Day Cycle, Center Point to Center Point)
The Upsurge is Pitched at 82.5 Degrees and the Climatic Drop Pitch, is Progressive and drops aggressively down from 75 to 82.5 Degrees...
The Cycle Drops $1,180.00 Per 30 Day Cycle w/ the Upsurge and Down-Surge running through at 83 Bar Intervals...
An excellent example of how trading follows these lines is seen in Dragon One and Two of the Charts from when Bitcoin ran up to 13,849 and then abruptly dropped $4,000.00 and then again it dropped over $3,000.00 on Dragon Two and when it ran up and when it dropped you can easily see it followed these lines all the way up and all the way down, which is extremely well detailed in the charts...
Moreover, during this period of time, Bitcoin formed Two Dragons and it did it during the same Cycle Event, which was only possible because the rallies followed the surge lines and they ran up before the Climatic Center Point, which shows the Bitcoin Frequency Wave in combination with the Surge line, can help move everything up, rather than pulling everything down as it does after the Climatic Center Point...
This is a very important point for Swing Trade and Short Activity because,,, it shows that Bitcoin is Extremely Predictable; that you can easily plan safe entry points and exits points, which is done by understanding your current location with regard to the Bitcoin Frequency Wave and at the same time knowing the exact location of the surge and drop lines/rally and short lines that run up and down in 83 Bar intervals...
The Upsurge and Down-Surge Lines Interact with the Bitcoin Frequency Wave & together they Determine the Approx. Highs and Lows per Cycle as both Influence the Final Results, which includes Dragon formation that is more likely when the Surge Lines are left of Dead Center, to dead Center...
Speaking of Such, we are currently forming a Dragon just west of the Green Surge Line, with its Left Wing nearly Complete and if it runs up the surge line and crosses the current top pitch, this dragon will form a long neck and reach way up with the Peak of it's Head as high as 16,795...
More Updates for the Bitcoin Frequency will Follow with its relationship to the The Bitcoin Grid Code and the Surge Lines....
Note to Everyone Regarding the Market Storm:
In My Opinion, what appears to be a Market Storm is not a Market Storm,,, I say this because storms change with Frequency and this one remains the same; it Never Increases or Decreases and displays a 'Straight Line Effect', so even through it acts like a storm and looks like a storm, it is more like a Heartbeat that is constant with its High and Low Intervals, which is why I now refer to it as the Bitcoin Frequency Wave, because it appears to be the Heartbeat of Bitcoin, which is only effected by lack of Liquidity and currently nothing more...
WELCOME TO THE BITCOIN GRID CODE & HOME OF THE SCARED TETRAHEDRON STAR
Forward Highs & Lows with Dragon Formation Revealed
DRAG THE ACTIVE CHART TO THE LEFT TO SEE THE HIDDEN WORLD OF THE BITCOIN GRID CODE & THE SCARED TETRAHEDRON STAR
Copyright 2019, by Bryan Christopher Amos
The Progressively Stacked Bell-Curve (I Day Purple C Series)Bitcoin Broke Back Mountain - Extreme Liquidity Decay Event 2019
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The Progressively Stacked Bell-curve with Catastrophic Parabolic Decay
Bitcoin Broke Back Mountain - Extreme Liquidity Event 2019 08-30-2019 13.11.00 NG (1 Day Purple C Series) Shortened Title
So Rare, it only happens once in a thousand Years, yet this is the Second time for this Market Storm to Rear it's Head;
the First was in November 2017, when Bitcoin Crashed after its First 2OK Moonshot and again, not even two years later...
Category 3 (Cat. 3) Category 4 (Cat. 4) Category 5 (Cat. 5) & Category (Cat.6)
Cat. 4/5 Consolidated & Constricted Formation Tilted into Climatic Regression, with Little to No Uptrend Capacity before the Downward Plunge.
Signature Differences: Fingers Progressively Extend, Climatic Channels Extremely Consolidated & Constricted...
Mountain Peaks are Progressively Hollowed Out, Non-Existent or even Void for Market Storms of these Magnitudes, especially when they progressively connect.
Life Cycle Events Repeat, Instant Recall with Lower Highs and lower Lows...
Cat. 3/4 Condensing & Consolidating Strong-Arm Formation / Cat. 5 Consolidated Tight Constricted Formation
Cat. 3 & 4 Somewhat forgiving w/ Cross-Channel Trending Activity before the Climatic Regression
Repeated Rally & Recovery Déjà Vu, Just Prior to Continual Deep 6, Bank Busting Dead Drops...
Life Cycle Events Repeat, Instant Recall with Lower Highs and Lower Lows...
Slight Recovery is Possible before the final Deep 6, Yet usually No Higher than the Initial Rally/Uptrend Surge...
Tilt off the Baseline Approx. 10 - 12.25 Degrees
Cat. 4) Hollowed Out Results
Tilt off the Baseline Approx. 20 - 20.5 Degrees
Cat. 5 Extremely Unforgiving w/ Little to No Cross-Channel Uptrend Activity before Climatic Regression
Tilt off the Baseline Approx. 40 - 45 Degrees
The Iris Vortex Downtrend Channel
Much like the Eye of a Hurricane, yet not nearly as Calm
While the Market Storm Rages On, the 2019 Bitcoin Voyage has Only three Potential Possibilities; Up then Down, Down, and Down More...
When this Market Storm Rears it's Head like it did with Bitcoin, Current and Previous Trend-lines are Abruptly Redirected Downward Creating the Distinct Unforgiving Bell-Curve Shape, which will Sternly Govern and Restrict any Possible Uptrend Activity as Liquidity Bleeds out the Backside of the Asset Class
This Market Storm has been documented with Hundreds of Screenshots ever since the beginning of its formation back in late June when Bitcoin ran up to 13,849 and I will follow-up with an expanded series of those screenshots so everyone can see the progress since I first started posting the chart in the public chatroom on July 3oth and now the chart is nearly complete and bitcoin followed it with unbelievable accuracy from beginning to end...
Discovered, Documented and Scientifically named for such Extreme Market Conditions, 2019 Copyright by Bryan Christopher Amos
Bitcoin Broke Back Mountain - Extreme Liquidity Event 2019 08-30-2019 13.11.00 NG (1 Day Purple C Series) Shortened Title
Bitcoin Broke Back Mountain 08-30-2019 09.57.43 Appacot 37 (1 Hour Orange Original)
Beginning of the real bear market
Beginning of the real bear market
As we all know BTC has taken a beating in the last few weeks .Many have different theories as to why the market went down so much,but here using Technical analysis the reason is very clear ...
in late 2015 BTC had a huge increase in volume and created a bull pivot as well as a bull MA crossing.This ignited the bull run
BTC in the last few weeks has done the opposite igniting the start of the real bear market, right now chances of reversal are very small.If bitcoin fails to hold this 3300-3400 region price range it can see another huge fall almost making this impossible to reverse.**We will keep our short position open , we see no reason to long right now**.
i expect this bear market to last for a while.